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UPDATE–Here’s the Lastest on WA CARES Act–U Still Have to Pay?

UPDATE--Here's the Lastest on WA CARES Act--U Still Have to Pay?
Written by Publishing Team

Here’s some information about the Washington State Long-Term Insurance Act or the CARES Act.

CARES Act will be ‘taken back’ by legislation – but we still have to pay?

Long-term care, or insurance law, is designed to meet the needs of people who do not have such insurance, for medical issues, etc. in the future. However, it was hastily brought up by Democrats in the last legislative session and is now in need of an overhaul.

However, the current law still directs employers to start collecting insurance premiums from their employees beginning on January 1. Each business owner will need to decide whether to implement the law as is or await legislative action.”

Since it was a law, all workers in Washington state either had to start paying the CARES tax, or opt out and find their own.

House Democrats introduced a bill in this legislative session that delays implementation until 2023, and Republicans will try to pass bills to repeal it entirely. Their reasoning is that too many people chose not to have enough revenue to fund the program.

So where are we now? Do we still pay? Refunds?

Many people are wondering if they still have to pay the tax, and others who have chosen not to participate are wondering if they will get their money back. King Long term care policy.

We go to this information from the labor guarantee department, and send them an email. This was their response to the question “Do we still have to pay”:

“Based on guidance from the governor, the Department of Education for Sustainable Development will not collect premiums from employers until April 2022 or until the legislature provides further guidance.

However, the current law still directs employers to start collecting insurance premiums from their employees beginning on January 1. Each business owner will need to decide whether to implement the law as is or await legislative action.”

So, the state will not get you out of your job, but you will still have to pay the tax.

For those who choose not to participate, can they get a refund? ESD told us this:

“ESD will implement the law and any changes the legislature makes during this session. Under current law, people who choose to purchase a private long-term care insurance policy rather than participate in a state plan are not eligible for a refund or reimbursement.”

So until further notice, program subscribers still have to pay tax, and those who opt out do not get a refund. We will be watching the legislative session to see what happens with this plan.

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